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Statements EFTA00195538 CLEARED THROUGH ITS 19/HOLLY OWNED SUBSIDIARY BEAR STEARNS OFFCE SERVICING YOUR ACCOUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York• Nave York 10179 'WOW EXECUTIVE GNMA GOVT BOND VISIT OUR WEB

XPAYER AMMER On Foe LAST STATEMENT March 30.2007 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams right to use, lend or pledge any securities held by Bear Stearns in your margin account, In certain circumstances, such loans or other use may limi

ED SU851OIARY BEAR STEARNS OFFICE SERVICING YOUR ACrOliNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 2 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2006 and January 31, 2007, the Company's net capital of approximately $4.0 billion and $

ST CO INC 3 01 3 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 OS'0110705:N 001 V010 EFTA00196354 CLEARED THROUGH ITS WHOLLY OMED SIASIDIAAv BEAR STEARNS OFFCE SERVICING YOUR ACCCUNT Bear. Stearns & Co. Inc. 383 Madison Avenue New York. New York 10179 AMUR EXECUTIVE SPEC CUSTOMER VISIT OUR WEBSI

d copy please call - toll free 1.866.299.9331. 027 SPECIAL NOTICE FOR MARGIN CUSTOMERS If you are a customer with a margin account, you consent to Bear Steams right to use, lend or pledge any securities held by Bear Stearns in your margin account In certain circumstances, such loans or other use may limit

son Avenue New York. Nell York 10179 5 vi Bar You are advised to promptly report any inaccuracy or discrepancy in your account to your broker and Bear, Stearns Securities Corp, (BSSC) at the telephone numbers listed on the front of this statement, In order to protect your rights, including any rights under the Securities

maturity, Please consult your Bear Stearns account executive if you would like to discuss your fixed income portfolio. As a leader in Fixed Income, Bear Steams can analyze any portfolio, held here or elsewhere and make recommendations such that your portfolio is aligned within your tolerance for risk. 027

M.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2002 and January 31, 2003, the Company's net capital of approximately $2.4 billion and

N ileriled as a tar nand lln stateinire should be titans fa nor records Ss rovers* S. for ninon rionaton 027 92.0033:11:21 001 Important Message Bear Steams is pleased to announce our conversion to a calendar month-end statement. Effective this month. your account statement reflects all activity and

n.E0 SUBSIDIARY BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear. Stearns 8 Co. Inc. 383 Madison Avenue New YY New York 10179 6 Your messages Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At November 30, 2002 and January 31, 2003, the Company's net capital of approximately $2.4 billion and